Latest Canadian Phosphate (ASX:CP8) News

Canadian Phosphate Limited has applied for a multi-year exploration permit at its Wapiti Phosphate Project in British Columbia, targeting a substantial phosphate resource with strategic implications for North American supply.

Canadian Phosphate Limited has obtained a 10,000-tonne bulk sample permit for its Barnes deposit at the Fernie Project, marking a significant step toward establishing a domestic phosphate supply in British Columbia. Additional permits are underway, supporting the company’s growth and critical minerals strategy.

Canadian Phosphate Limited reported a steady rise in Q1 sales to $534,000, driven by US demand, with a significant capacity expansion at a key customer set to boost Q2 performance. The company also advances exploration and permitting efforts amid shifting North American phosphate dynamics.